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i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> we've had this discussion before. >> about the idea in order to reduce the deficit there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is more people working, getting higher pay, paying more taxes. that's how we get growth and balance the budget. the idea of taxing people more, putting more people out of work, you will never get there, you never balance the budget by raising taxes. spain spends 42% of their total economy on government. we're now spending 42% on our economy to government. i don't want to go down the path of spain. i want to put more americans to work. >> mr. president, in order to get the job done, it is going to be balanced? >> if we're serious, we have to take a balanced, responsible approach. by the way, this is not just when it comes to individual taxes, let's talk about corporate taxes. now, i have identified areas where we can ri
i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> we've had this discussion before. >> about the idea in order to reduce the deficit there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is more people working, getting higher pay, paying more taxes. that's how we get growth and balance the budget. the idea of taxing people more, putting...
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i don't want to kill jobs in this environment. let me make one more point -- >> let's let him answer the taxes thing. >> romney: okay. >> mr. president in order to reduce the deficit there has to be revenue in addition to cuts. >> obama: there has to be revenue in addition to cuts. governor romney has ruled out revenue -- [overlapping speakers] >> romney: the revenue i get is by getting more people working paying more taxes. but the idea of taxing people more putting more people out of work, you will never get there. you will never balance the budget by raising tacks. spain spends 42% of their total economy on government. we're now spending 42% of our economy on government. i want to go down the path of growth that puts americans to work with more money coming in because they are working. >> mr. president you are saying in order to get the job done it has got to be balanced. >> obama: we have to take an balanced responsible approach. and this is not just individual taxes. let's talk about corporate taxes. i have identified areas w
i don't want to kill jobs in this environment. let me make one more point -- >> let's let him answer the taxes thing. >> romney: okay. >> mr. president in order to reduce the deficit there has to be revenue in addition to cuts. >> obama: there has to be revenue in addition to cuts. governor romney has ruled out revenue -- [overlapping speakers] >> romney: the revenue i get is by getting more people working paying more taxes. but the idea of taxing people more...
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i don't want to kill jobs in this environment. let me make one more point. >> lehrer: let me -- let him answer the taxes thing for a moment. mr. president? >> well, we've had this discussion before. >> lehrer: about the idea that in order to reduce the deficit there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. governor romney has ruled out revenue. he's ruled out revenue. >> lehrer: that's true. >> absolutely. >> lehrer: completely? >> the revenue i get is by more people working getting higher pay paying more taxes. that's how we get growth and balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain. spain spends 42% of their total economy on government. >> lehrer: okay. >> we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working.
i don't want to kill jobs in this environment. let me make one more point. >> lehrer: let me -- let him answer the taxes thing for a moment. mr. president? >> well, we've had this discussion before. >> lehrer: about the idea that in order to reduce the deficit there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. governor romney has ruled out revenue. he's ruled out revenue. >> lehrer: that's true. >> absolutely....
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i don't want to kill jobs in this environment. let me make one more point -- >> jim: let's let him answer the tacks thing for a moment. >> okay. >> well, we have had -- >> jim: about the idea in order to reduce the deficit, there has to be revenue in addition to cuts. >> governor romney has ruled out revenue -- [overlapping dialogue] >> the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you will never get there. you never balance the budget by raising taxes. spain -- spain spends 42% of their total commo government. >> jim: okay. >> we are spenning 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they are working. >> jim: but, mr. president, you are saying, in order to get the job done, it has to be balanced -- >> if we are serious, we have to take a
i don't want to kill jobs in this environment. let me make one more point -- >> jim: let's let him answer the tacks thing for a moment. >> okay. >> well, we have had -- >> jim: about the idea in order to reduce the deficit, there has to be revenue in addition to cuts. >> governor romney has ruled out revenue -- [overlapping dialogue] >> the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we...
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and an environment that is favorable for business is actually an environment where business will create jobs. how that's going to go over? >> it won't go over well, he hasn't had a real plan so far. these are about real people's lives. he's got a tougher job i think than the president tonight. because most people because of his comments whether he realizes it or not, he's lived a privileged life. and he doesn't understand common workers, what we go through every day. so he's got a tough job to make people let them know that he does understand what they go through. if he can do that, he'll have a good night. if he can't, i don't think the zingers are going to matter. because big problems require big solutions not bumper sticker answers. >> of course we know the relationship between white house and labor has not always been rosy over the last four years. is there something the president also needs to say to impress you? >> again, it's not what he says to me but what really american workers need. and that's a serious, serious commitment and a real plan to create jobs and right the economy.
and an environment that is favorable for business is actually an environment where business will create jobs. how that's going to go over? >> it won't go over well, he hasn't had a real plan so far. these are about real people's lives. he's got a tougher job i think than the president tonight. because most people because of his comments whether he realizes it or not, he's lived a privileged life. and he doesn't understand common workers, what we go through every day. so he's got a tough...
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i don't want to kill jobs in this environment. >> moderator: back to the taxes thing for a moment. romney: okay. >> moderator: mr. president? obama: we've had this discussion before. >> moderator: the idea that in order to reduce the deficit, there has to be revenue in addition to cuts. obama: now, governor romney has ruled out revenue. he's ruled out revenue. romney: absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget, but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain, spain spends 42% of their total economy on government. >> moderator: okay. romney: we're now spending 42% of our economy on government. i don't want to go down the path of spain. i want to go down the path of growth that puts americans to work with more money in because they're working. >> moderator: but, mr. president, you're saying in other words -- in order to get the job done, it's got to be balanced. obama: if we'
i don't want to kill jobs in this environment. >> moderator: back to the taxes thing for a moment. romney: okay. >> moderator: mr. president? obama: we've had this discussion before. >> moderator: the idea that in order to reduce the deficit, there has to be revenue in addition to cuts. obama: now, governor romney has ruled out revenue. he's ruled out revenue. romney: absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's...